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To give in return for something received; trade: exchange dollars for francs; exchanging labor for room and board.
(verb-transitive)
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To give and receive reciprocally; interchange: exchange gifts; exchange ideas.
(verb-transitive)
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To give up for a substitute: exchange a position in the private sector for a post in government.
(verb-transitive)
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To turn in for replacement: exchange defective merchandise at a store.
(verb-transitive)
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To give something in return for something received; make an exchange.
(verb-intransitive)
American Heritage(R) Dictionary of the English Language, Fifth Edition. Copyright (c) 2011 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.